8.17 sq ft Commercial Building for Auction in Rajkot – RBL

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

8.17 sq ft

Reserve price / sq ft

₹28,152

Locality

—

City

Rajkot

State

Gujarat

Pincode

363641

Address

Property No.01 Owned by: Mr. Ashokbhai Nanjibhai Padaliya All piece and parcel of Commercial property bearing Shop No.14, 2nd Floor, admeasuring about 08.17 sq. fts., in the building known as Kelvi Plaza, constructed on Plot No.08, Paiki Western side of the land bearing Revenue No.50/A-2, 50/A-3, Revenue Survey No.37-6/2, Village Lalpur, Morbi, Gujart 38-A, under Trajpar Gram Panchayat, Morbi, Gujarat 363641, which is Bounded & Surrounded By: Towards East: Other Property. Towards South: Other Property. Towards West: Passage. Towards North: Shop No. 13. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

RBL Bank

Branch

Ellis Bridge

Auction type

SARFAESI Auction

Borrower

M/s. D**** W**** C*****

Auction start

20 Nov 2026, 12:30 PM

Auction end

20 Nov 2026, 01:30 PM

EMD submission deadline

19 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2449244

Price Check

This listing's reserve price works out to ₹28,152 per sq ft. The average across commercial bank auctions in Rajkot on our site is ₹8,193 per sq ft, so this one is 244% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (4Closure · Listing 2449244), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹23,000 before 19 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 2026 starting above the reserve price, in multiples of ₹50,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.